Locked content Grupa Azoty and Play to be excluded from MSCI Poland

Grupa Azoty and Play Communications will be removed from the main MSCI Poland Index after the session on November 30, MSCI reported in the interim review of indices. Both companies will move to MSCI Poland Small Cap Index, while Getin Noble Bank will be excluded from it as part of the revision…...

Locked content Grupa Azoty plans to pay 2018 dividend – CEO

Grupa Azoty plans to pay a dividend from 2018 net profit in accordance with the dividend policy, CEO Wojciech Wardacki said. He added that dividend payment also would be beneficial for the group’s listing as an argument to invest in the company. The updated strategy for 2013-2020 adopted in Ma...

Locked content Grupa Azoty Q3 prelim. net loss at PLN 116.8 mln

In Q3 Grupa Azoty recorded preliminary net loss of PLN 116.8 million, EBITDA of PLN 44.1 million and revenue of PLN 2.32 billion, the company said in a statement. The results were affected by the increase in gas and fuel prices, CO2 emission allowances and lower sales volumes, the company said. Grup...

Locked content Azoty shareholders approve takover

WSE-listed, state-controlled chemicals group Azoty shareholders approved the takeover of German Goat TopCo, the holding company controlling specialty fertilizer producer Compo Expert. Thus, all conditions necessary to finalize the deal have been met, Azoty said in a market filing. The firm “will und...

Locked content Grupa Azoty to revise investment program

WSE-listed, state-run chemical giant Grupa Azoty might revise its investment program after the acquisition of a German specialty fertilizer producer Compo Expert. Still, key investment projects remain unthreatened. “We will review our investment projects. They may be changed if they overlap with the...

Locked content Grupa Azoty buys Goat TopCo for max. €235 mln

Chemicals producer Grupa Azoty signed a conditional agreement to buy 100 percent stake in German Goat TopCo for up to €235 million. The transaction will be fully financed from available credit facilities. The closing of the deal is expected not earlier than in October and not later than in Q1 2019. ...

Grupa Azoty in M&A talks with three companies

Chemicals producer Azoty Group is negotiating acquisition of three foreign companies, deputy CFO Paweł Łapiński said at a press conference. He added that two of the companies were from neighboring countries, including one from Germany.

Locked content Grupa Azoty with PLN 132 mln H1 profit. Affected by Q2 loss

WSE-listed, state-run chemical giant Grupa Azoty had PLN 132.1 million H1 net profit, down by 65 percent, which would imply a PLN 56 million Q2 loss, the company said in its preliminary financial results. “The lower level of earnings was a compilation of three major factors: a significant rise in co...

Locked content Grupa Azoty enters 2nd credit agreement with EBRD

Chemical and fertilizer producer Grupa Azoty and European Bank for Reconstruction and Development (EBRD) signed a new long-term loan agreement and an annex to the long-term loan agreement from May 28, 2015, the company said. The second credit agreement with EBRD is for up to PLN 500 million and for ...